California Welfare and Institutions Code 5849.4 – (a) The No Place Like Home Fund is hereby created within the …
(a) The No Place Like Home Fund is hereby created within the State Treasury and, notwithstanding § 13340 of the Government Code, continuously appropriated to the department, the authority, and the Treasurer for the purposes of this part. Accounts and subaccounts may be created within the fund as needed. Up to 5 percent of the amount deposited in the fund may be used for administrative expenses in implementing this part.
(b) There shall be paid into the fund the following:
Terms Used In California Welfare and Institutions Code 5849.4
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Authority: means the California Health Facilities Financing Authority established pursuant to Part 7. See California Welfare and Institutions Code 5849.2
- Department: means the Department of Housing and Community Development. See California Welfare and Institutions Code 5849.2
- Fund: means the No Place Like Home Fund established pursuant to Section 5849. See California Welfare and Institutions Code 5849.2
(1) Any moneys from the receipt of loan proceeds by the department derived from the issuance of bonds by the authority under subdivision (b) of § 15463 of the Government Code.
(2) Any appropriation or transfer to the fund from the General Fund or other funds.
(3) Any other federal or state grant, or from any private donation or grant, for the purposes of this part.
(4) Any interest payment, loan repayments, or other return of funds.
(Amended by Stats. 2018, Ch. 41, Sec. 4. Effective December 19, 2018. Approved in Proposition 2 at the November 6, 2018, election.)